#business

Goldman Sachs has warned of the potential for foreign exchange market instability in the run up to Turkey’s elections following years of currency reserve depletion and other costly measures. ...

Egypt will again use daylight saving time this summer after a seven-year gap, the cabinet said on Wednesday, the latest in a series of government efforts to save energy. Last ...

Cyprus is among the top ten countries for people to retire to, with a focus on affordability, according to a study released on Wednesday by one of the UK’s ...

Strong investor inflows into bond markets this year mean traders and bankers are confident the European Central Bank will have a smooth start to unwinding its huge bond holdings, but ...

The business turnover index in Cyprus experienced increases across all sectors of economic activity during 2022, compared to the previous year, according to a report released this week by the Cyprus ...

Binance’s stablecoin, Binance USD, has seen around $6 billion of outflows following a US regulatory crackdown on the company that issues the token, according to market tracker CoinGecko. Paxos Trust ...

Satoshi Nakamoto would be proud. Adolescent bitcoin may finally be repaying its creator’s faith. The 15-year-old cryptocurrency has filled many roles – from source of speculation to hedge against inflation – ...

Eli Lilly and Co (LLY.N) said on Wednesday it would reduce prices by 70 per cent for its most commonly prescribed forms of insulin. The US drugmaker said the reduced ...

As was recently announced, the new Deputy Minister of Research, Innovation and Digital Policy is Philippos Hadjizacharias. Hadjizacharias is the managing partner of the consulting and audit firm PHS & ...

Hellenic Bank on Wednesday released its financial results for 2022, posting a full-year profit of €24.2 million, marking a rise of 307 per cent year-on-year. In addition, it managed to further de-risk its ...

Tesla (TSLA.O) is readying a production revamp of its top-selling Model Y, according to three people with knowledge of the plan. The changes to the Model Y – code-named Project ...

Overall activity in the euro zone’s manufacturing sector contracted again in February but output increased for the first time since May as supply chains continued to heal, a survey ...

OnlyFans, an online platform known for adult content, should pay UK value added tax (VAT) on the full amount paid by subscribers to content creators, not only its 20 per cent ...

British retailer Marks & Spencer will raise hourly pay for over 40,000 store workers by 7 per cent from April a third rise in just over two years that may catch the ...

Intel Corp (INTC.O) on Tuesday released a software platform for developers to build quantum algorithms that can eventually run on a quantum computer that the chip giant is trying ...

US payment giants Visa (V.N) and Mastercard (MA.N) are slamming the brakes on plans to forge new partnerships with crypto firms after a string of high-profile collapses shook ...

British supermarket group Sainsbury’s (SBRY.L) plans to consolidate five existing Sainsbury’s and Argos general merchandise depots into three, closing two by 2026, in a move that will impact 1,400 ...

Switzerland’s financial regulator has investigated 12 banks and launched enforcement proceedings against two of them in relation to corruption charges against longtime central banker Riad Salameh, it said on Monday. ...

Sales at Cuban cigar maker Habanos rose 2 per cent last year compared with the previous year, the company announced on Monday, as it recovers business following the COVID-19 pandemic and ...

British energy regulator Ofgem on Monday lowered its price cap on household energy bills from April, but this will offer little relief to consumers as energy costs continue to rise. ...

Tesla’s (TSLA.O) German plant in Brandenburg near Berlin is now producing 4,000 cars per week, the company said on Monday, quadrupling from May when Chief Executive Elon Musk had ...

Chip designer Nvidia Corp (NVDA.O) forecast first-quarter revenue above Wall Street estimates on Wednesday as its CEO said use of its chips to power artificial intelligence (AI) services like ...

Needed to clean up road transport, battery-powered vehicles might also act as stored energy that the car owners could sell to electricity networks. By Helen Massy-beresford While drivers considering an ...

The International Monetary Fund has laid out a nine-point action plan for how countries should treat crypto assets, with point number one a plea not to give cryptocurrencies such as ...